CREATING A SHARED VALUE OF GOVERNANCE THEORIES OF STRATEGIC PHILANTHROPY -AGENCY, TRANSACTIONAL AND INSTITUTIONAL APPROACH

Abstract

The purpose of this research is to measure the correlation by the use of qualitative measurement in relation to the three governance theories of Transaction cost by Andreasen (1999), Agency theory by Ullmann (1985) and Institutional theory by Dominic (2010). Primarily, the study tried to measure the refined and ranked opinions of key contributors to strategic philanthropy. The Delphi process was used to collect quality opinion from experts who represent their respective panels but having ultimate responsibility of implementing the strategic philanthropy as new wave of management strategy for their corporations in the social media. The ranked Contributions of the experts are embodied in the findings. The consensus findings from these experts revealed that strategic philanthropy have negative but positive correlation on the three governance concepts of Agency, Transaction and institutional theories. Based on the research findings, managerial implications and directions for future research are discussed